Sheldon good & company auctions to hold auction Aug. 13

Real Estate Weekly, August 6, 2003

Sheldon Good & Company Auctions has been retained to sell at auction a diverse collection of attractive upscale homes, four-family buildings, and a 100% fully leased commercial building.

The auction will be held at 7 p.m. Aug. 13 at the Grand Hyatt Hotel in New York at 42nd Street and Lexington Avenue.

The properties are:

* Sharon, Conn.: 11-acre world-class mountaintop retreat is a pinnacle overlooking the state forest. The property is available for viewing by appointment on Aug. 9.

* Brooklyn, New York: Waterfront Home with deep water dock in Mill Basin at 2654 National Drive. Opening bid is $700,000 with a certified or cashier's check in the amount of $70,000 required to buy. The home offers 4,000 SF of living space. Inspection dates are between noon to 2 p.m. on Aug. 10.

* Flushing, New York: five brick 4-family buildings at 76-11 160th St.; 76-07 and 76-15 160th St.; and 16005 and 160-30 766 Ave.

* 76-11 160th St., a vacant four-family building, features units that are 1 bedroom, 1 bath. There is a first floor duplex apartment opportunity. Kitchens and bathrooms have been renovated. There are new windows, appliances and roof. All apartments are separately metered for gas an electric. The owner is applying for J51 tax abatement. Projected income for the property is $62,400.

* 76-07 160th St. This four-family apartment building features two units with two bedrooms and one bath, with the other two units featuring one bedroom and one bath. There are new windows and roof. All apartments are separately metered. Owner is applying for J-51 tax abatement. Projected annual income is $46,020.

* 76-15 160th St. This four-family apartment building has two units with two bedrooms and one bath with the other two units featuring one bedroom and one bath. All apartments are separately metered. Projected annual income is $47,176.

* 160-05 76th Ave. This four-family apartment building features two units including two bedrooms/one bath and the other two units with one bedroom/one bath. All apartments are separately metered. Projected annual income is $46,000.

* 160-30 76th Ave. This four family apartment building has two units with two bedrooms/one bath and the other two units with one bedroom/one bath. All apartments are separately metered. Projected annual income is $48,000.

Viewing dates for all properties are between 1 to 3 p.m. on Aug. 10.

* Rego Park, NY: two-story, 100% leased commercial building at 91-10A 63rd Drive.